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a bunch of democrats saying we don't want any spending cuts, entitlement cuts, nothing. just pass the debt ceiling. no spending. >> do whatever it takes. apparently the hurdle is some legality. not whether it's a good idea, not whether it calls into question the independence of the central bank, the independence of whether the treasury will now have the new power to print money whatever it has. as long as it's legal. let me tell you. of all these options, the magic coin option, the 14th amendment may be the worst option. it will be challenged in court. the court moves forward. you end up with two classes of u.s. debt, one which people have a lot of confidence in, then this different class of debt which was created under this who knows what new legal authority that they found. >> this is the point. let me go right. the i.o.u. this is interesting. edward klinebard, former chief of staff at the congressional joint committee on taxation is now teaching law at the university of southern california. now, he says that congress has constitutional authority to raise the debt and only the congress.
is what it could mean and insist we will get off the road to greece. >> i don't doubt that 72% want to see the spending cuts. which way do you think the public sentiment swings if there is a government shutdown? >> i think that pat toomey is confused. it's a continuing resolution. if they don't fund the continuing resolution, the government will shut down. if they don't lift the debt ceiling, the economy shuts down. not only the u.s. dme, maybe the world economy, and the consequences are drastic. bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers, everyone, president obama, harry reid, everyone knows we need significant spending cuts. it's about time be act maturely, find out the spending cuts we need to make are done in the least onerous way. we also need to raise more revenue. the fiscal cliff raised 600 billion in revenue. we need to raise another $600 billion in revenue and need to find a way to dos that as well. >> do you agree with that sentiment? constantly hear from people who say the spending is out of control and if this is spun as re
-- >> you're calling 911 because you don't like the way that they're making your sandwich? >> exactly. >> so then don't buy it. >> great advice 911 operator. if you don't like the way someone is making your sandwich, don't call 911. just don't buy it. when all else fails, speak softly and carry ketchup bottle. that's it for us. "erin burnett outfront" starts right now. >>> "outfront" next, president obama gears up for his next fight with republicans. this time, it's over his defense secretary nominee. >> plus days after our taxes went up, some democrats said we need more taxes, higher taxes. yes, we're going to get answers. >> and more details about the aurora theater massacre. for the first time, police describe the scene and what they found when they first saw james holmes. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight, saving sergeant hagel. president obama raring for a fight over his defense secretary nominee. you may say why there a fight? on paper, this guy is pretty incredible. looks like he would be a lock for a job that usually is one with pre
barnes thank you very thank you very much. >> time for your comments, craig, i get the impression you don't think that republicans are very effective negotiators, so far you are correct. jean said, i'm getting to be more and more of a dobbs fan, common sense questioning, thank you, keep then coming and the unkind words as well. we love hearing from you, good night from new york. >> who needs a hot miss alabama in the stands? cbs has a ton of cool cash and a drop dead gorgeous super bowl record on its hand, sold out as the bilge game is still -- big game is still weeks from oforget $ 4 million bucks for a 30 second spot is worth the price of the game. imagine if we clock the same rate, ogling the quarterback's girlfriend just watching the game, a little dirty, but undeny abily, pay dirt. i am neil cavuto, believe it or not it took seeks longer than other super bowl broadcasters in the past to reach this sell out point but as ceo leslie moonves thought, why not cheat when kuwait and score. considering the economy that many argue is slowing. and a financial sector busy paying billions to a g
dimon will be thrilled to show how the company is performing and has put the whale behind him. i don't want you to buy it or any of the banks ahead. it's too hard. especially after wells fargo dropped today. even though it reported a pretty darn good quarter. yet results from ebay. the longest time i have stood behind ebay, but my charitable trust recently sold it after a huge run-up. it kept going higher. this stock, though, did get hammered the last time it reported because the market failed to recognize the inherent value of pay pal. the on-line credit card company buried within ebay. be ready to buy if this this happens again. my trust might be there with you. next up, kinder morgan energy partners, kmp. they finished terribly, in part because people were worried that the tax breaks they enjoyed would be erased by the fiscal cliff. buyers are still skittish because they remain under a cloud, a cloud of low natural gas, the possibility of the debt ceiling negotiations might include new revenue raised by taxing them. you know what, that's the same old same old. i don't care about i
is not just to entertain you but educate and teach. call me 1-800-743-cnbc. don't you just hate reality? boo! don't you hate it when you know the numbers are too high or the world is simply not yet in a place where you can be confident that things are okay? the thought don't you hate that some members of the federal reserve think that we have reached a great place so it is time to stop helping the economy. the heat don't you hate that washington doesn't care what place that we are in at all. don't you hate that karma. >> house of pleasure. >> house of pain. >> dow sinking 55 points today. nasdaq declining .23%. you know i hate all of these things. what do you do? throw your hands up? no, you look for themes. that is why i'm a big believer in themes. all week i plan to trace out the themes of 2013 that you can fall back on when the dow falls. the headlines are dominated by anxiety. i expect the market to go down in the near future. i like what alcoa said, and monsanto. but look, i think it is too high right now and maybe it comes in. but i don't want you to fear that decline. no opportunity,
. i live in the wild side, don't put me in a box. the women are inclined to regret the decision for having a tattoo than men are. whatever that says. but people are going to make a judgment in a good or bad way. lou: how do you keep your kid from doing a? >> you share your value system. i can ask my daughter. but she wanted not to get attached here. lou: that's it for us tonight, good night from new york. spiezio president obama is now nominating jack lew to replace timothy geithner. welcome, everybody. let's just say this president loved the movie and it ended there. this president's cabinet is a far cry from that president's cabinet. again confirming it is more loaded with inside the box than outside the box. forget john kerry and chuck hagel. think of a time when a president surrounded himself with meaningful people. i'm not saying that jack lew doesn't deserve to be the secretary. but he's just not a lincolnesque choice. a president who dared to break the mold. >> is asking the world that they are up to the task? let's ask john layfield and chris stirewalt and myra weinstein
, and then i guess this happened. >> i don't know what the circumstances are to let him back in. you know, the criteria to let him back in, but my own opinion, i think, is a very serious case that, you know, i don't know what you do with a kid like that. i don't know where you put them, what whyou do with him, but the look on all these parent's faces, are shocked, 75% of them didn't know he was back in this school. >> reporter: we asked the school superintendent about this hit list. at this point, they said it's too early in the investigation, erin, to tell us anything more about it. >> so, kyung, what can you tell us about the gun that was used, the weapon, and whether it was legally purchased? >> reporter: we asked that specific question to police. they also say the same thing, this is too early in the investigation. they don't know anything about the gun at this point. >> did the school have any armed guards? >> reporter: they normally do, and that's what's really interesting here, erin, is that normally, there is a taft police officer who is on the grounds of the school every single d
, coming back after the first of the year. keep writing and don't be discouraged if we don't look at your letter. we're looking at all of them. your time will come. again, thank you for watching us tonight. i'm bill o'reilly, please remember the spin stops right here. we're definitely looking out for you. >> . >> welcome to hannity, and tonight we're learning that the white house will be the site after critical showdown over gun control later this week. now, the face-off between vice-president joe biden and his gun control task force and the national rifle association is slated to take place on thursday. . officials confirmed to fox news had the organization accepted an invitation to attend the closed door session, it's expected that the group will discuss a variety of options how to curb gun violence and issues related to mental health and entertainment and video game industry are reportedly going to be put on the table. there is no question that limiting your second amendment rights is priority one for sheriff joe and his team. now, these breaking developments come to us just days follo
. >> what do you think emac? >> i don't li. buy it on weakness. it is too high right >> we are in a new year and not sure how people are going to be buying things. walmart is one of those stocks that always seems to do well. >> it was basically had a weak performance in the holiday shopping as all brick and mortar stores about. buy it on weaess. >> i think it is it a great choice. keep an eye on the earning's report. >> should we be concerned with the earnings or buy it now? >> buy on weakness . then they may pop. s for watching, have a great weekend. ♪ >> forget the rich. did this week's cliff deal throw poor people over the cliff. nonprofits think that folks will think twice about the charity. did the lawmakers punish the poor? i am cheryl casone, and welcome to cashin' n welcome to all of you. i want to start wutracey. did you think the deductions would hurt poor americans. >> i think everything that happened with the cliff would help lower income in particular. but contributions, cheryl,s threshold was lowered and that means more people are going to not going to deduct things on the sc
there is no single answer. and quite frankly, we don't even know whether some of the things people think impact on this actually impact on it or not. and so i want you to know you have not been, quote, singled out for help. >> over the past two weeks, the vice president's team has met with dozens of organizations and groups from around the country from a wide range of interests. the law enforcement community, the medical community, the child advocacy at risk youth groups have been involved, domestic violence and prevention community was in there, also legal justice and service organizations, religious groups and organizations, education leaders, the mental health community, gun owners and sportsmen were included, gun safety advocates, technology experts. the vice president is taking recommendations from all groups. there is common ground on this issue from all sides. for instance, even nra members overwhelmingly support changes to background check laws. 74% want everyone purchasing a gun permit to undergo a background check with no loopholes. this is from republican pollster frank luntz, and wa
was to the left of tim geithner. he is there to execute the obama tax hike don't reform entitlements policy. >> that is a greaeat point. >> he is there to stabilize the debt. >> this is not a centerist appointment. th mr. geithner, i believe he was a centerist. >> why is he a financial market guy? >> he grew up as a banker. what about larry fink, he is a democrat and well respected by everyone. >> i have a list here. >> jamie diamond. ken chenault. >> you need someone who understands the fiscal books at a time like this. >> we disagree. we don't need someone who understands the books, we need someone who understands where we should go and where those books should take us. and i don't think he does. i don't think they understand fiscal policy better than jack lou. he got you guys a surplus back in the 90s. >> all established people in financial markets all distinguished people who command the respect of not only around here in the new york area but the whole g-20. this is going to be a bad mistake. it may be the haegle of the justice department. >> i'm not sure why you are discounting the fa
to par. you also don't just want to just make some kind of announcement without thinking it through. i talked to a senior administration official who said to lead 10,000 troops in afghanistan could cost us $30 billion a year. the president also has to make an economic decision, as well. so, look, if panetta is saying i want it done in weeks and the president is simply saying i'm going to take a few more months, i say take your time because you're dealing with the lives of american troops. >> that's a fair point. of course, the time -- the clock is ticking, the united states says it's going to withdraw in 2014. it's knot just the delay on troop numbers that had us asking questions today. today the president gave a reason for the delay. said, look, i haven't given recommendations yet for general john allen. here's what the president said. >> i'm going to be over the coming weeks getting recommendations from general allen and other commanders on the ground. >> all right a month ago when i spoke with secretary panetta, he agreed general allen was the one responsible but said the options we
of regulations on cars to make cars safe. and people don't see that as a threat. so why can't we begin to have the same kind of public health approach, not to ban guns, but to make them a little bit safer in american homes? >> and harder to get, the more extreme variety of weapon, for those who may be disturbed. >> absolutely. >> nick kristof and mark potok, thank you both very much. >> my pleasure. >> some 588 americans have been killed by guns since the newtown massacre. it's hard to be more precise, mostly because sometimes they insist the nra has squelched this evidence. we've invited the nra to come on the show and so far they've declined. but the invitation still stands and i would like them to come on and have this discussion. >>> meanwhile, disturbing testimony in a courtroom in colorado today. investigators say they found 76 shell casings at the movie theater where james holmes is accused of killing 12 people and wounding 58 more this summer. one of the victims of that terrible attack was a.j. boik and his uncle, dave hoover, joins me again now. dave, thanks very much for coming back
therapeutics. >> what are they. >> pills for people who don't take care of themselves. >> it is a volatile and it goes up and down faster than evil knevil on a motorcycle. it has a good balance with 10 percent and i like that. >> i like of the reference of evil knevil. thanks for watching. number one business block continues with cheryl casoney and cashin. >> bosses be wear. employees may get the green light to bash there arecompany on social media sights. the same law protects them and workers the workers and take on colleagues on twitter. some say it is about boosting big labor. are they right? i am cheryl casewn and welcome to cashin in . joining us this week marjorie christon and welcome to all of you. johnathon i will start with you. is this about protecting the workers or padding union numbers? >> it is shocking, cheryl. it is union-led government force that is tremendoly destructive to businesses. i mean, whose company is it anyway? the owners or the governments? of course, it is the owners and only the owner decides who works there. you have no right to a job let alone one that you
. but here at "money" we don't whine. we fix things. today's power panel is here to help bridge the budget divide and finally put the mess behind us. >>> plus is slumming it apple's plan for world domination? the iphone supremacy is waning. there is word a lower end model is in the works. is it proof the phone, the iphone is finally past its sell date? we have the latest details. >>> and you get a comeback. you get a comeback. you get a comeback. lance armstrong agrees to a tell-all interview with oprah, in case you didn't know who i was impersonating there. will this resurrect his shattered brand? even when they say it's not it is always about money melissa: all right, first let's take a look at the day's market headlines. alcoa stronger than expected fourth quarter earnings help stocks snap a two-day losing streak. the dow gained 61 points. >>> aig will not sue the u.s. government over its $182 billion bailout. its board of directors refused to join a $25 billion lawsuit led by former aig chief hank greenberg in its entirety. the suit alleges that the government deprived shareholders of
to bypass congress, she is giving him the power to bypass her too. you don't need a trillion dollar magic coin to realize this is nothing less than a high stakes power grab. now, it's not unusual for presidents of either party to try. it is very unusual for so many in both parts to lay down and let him do it. all right, here to hash it out, constitutional expert ilya shapiro and sabrina schafer as well as "the wall street journal"'s steve moore. steve, a disturbing series of events, to put it mildly. >> no question about it, neil. and, look, we have a three-branch system of government in washington. the president is the chief of the executive branch, that means the president doesn't make the laws, he executes the laws that congress passes. and, you know, i'm in austin, texas, today. here in texas everybody's been talking about this. what is with all these executive orders? what gives the president the authority to do this? and the one that, you know, i'm most interested in, obviously, is whether the president will try to unilaterally raise the debt ceiling without approval of congress. an
. i'm deborah feyerick in for don lemon. let's get you up to speed. a big announcement expected tomorrow in washington. sources tell cnn that president obama is going to cross party lines and announce former republican senator chuck hagel as his nominee for defense secretary. but hagel has critics on capitol hill even among republicans. the question is his past views on several issues, including israel. >> chuck hagel if confirmed to be secretary of defense would be the most antagonistic secretary of defense toward the state of israel in our nation's history. >> we'll have more in a few moments. >>> help is on the way for people who lost so much during superstorm sandy. president obama signed into law today a $9.7 billion sandy disaster relief package. it was the first legislative action of the new congress. a larger sandy aid package will have to wait. lawmakers will consider $51 billion relief bill on january 15th. some people were outraged after house speaker boehner canceled a vote tuesday on the entire aid package. sandy devastated parts of the northeast more than two month
and probably senior democrat on the committee, so that, to me is part of the problem in the system and i don't to continue. >> why do you think they would be interested in putting the money there? let's look at it. i said the year of the flood comes every other year now, it seems. as congressman jeffries said new york and new jersey are donor states. if we got back what we gave to washington we wouldn't being have this discussion. we could take care of ourselves, but we don't. but the likelihood of places like mississippi, louisiana, florida and the gulf coast states will get a lot faster than we are and what's going to happen now is you're going to have members of congress from new york and new jersey and connecticut in the northeast states that may say, you know what? we're going to parcel out aid to you more slowly than you gave it to us. >> so this is what i learned this week in preparation for this. our flood policy is a total disaster? >> yes. >> and you've had this experience first hand. it's really important. it may sound remote to you, but listen to me, we'll have more floods so we
. >> and congratulations. >> i appreciate it. >> you don't have to be a lawyer to be a supreme court justice. >> making oral arguments any day now on some topic i will rule in jay's favor on. the purple nation this, is no joking matter. we have a president of the united states using executive order bypassing congress to get done what he cannot get done through the legislative process. >> that is a problem. it's a big problem. >> well, it should be illegal. and republicans have not been bashful about doing that. you remember, that the affordable care act known by republicans as obama care. >> i don't know if and some are not. soit should be challenged. and that is what the court ordered. >> it's also, i think the president who is sworn to uphold the constitution and the second amendment could not be anymore clear, we laid out what our founders and framers said bit last night. the president has responsibility himself but he wants to push the envelope. your reaction. >> and you shouldn't be surprised the president said as much. congress didn't snt going to move, he's going to move. take a look. with regar
for the $182 billion in taxpayer money that saved it from i don't even know if bankruptcy's the right word. how about complete and utter obliteration at the height of the financial crisis. aig of course has become a symbol of the financial meltdown of 2008 so it's nice that they are now running ads to thank taxpayers for all that money. >> we repaid every dollar america lent to us. >> everything plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >>> good evening. i'm erin burnett. "outfront" tonight, thank you, america. insurance giant aig says it's very grateful for the $182 billion in taxpayer money that saved it from i don't even know if bankruptcy's the right word. how about complete and utter obliteration at the height of the financial crisis. aig of course has become a symbol of the financial meltdown of 2008 so it's nice that they are now running ads to thank taxpayers for all that money. >> we repaid every dollar america lent to us. >> everything plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> thank yo
. if you don't believe me go see the movie "deer hunter." it's a classic. so i'm confident his set of proposals on universal background checks, closing the gun show loophole, gun safety, and doing something about those high-capacity gun clips and whatever else he puts forward is going to be something reasonable hunters and second amendment people will find sensible. i'm not big on interest groups. i want to democratize the way we make laws in this country. the more people have a say in writing the law, the betert law. the fewer the people the worse the law. big corporations, for example, shouldn't write corporate tax law, and gun owners shouldn't be the only people involved in gun law. anybody can get shot by a gun, killed by a gun, and they all ought to have a say. and, that ladies and gentlemen, as joe biden would say, includes all of us. all of us should make gun law, not just the gun people. so let's go at it. and please don't, please don't lose interest. this is a test of strength. keep your grip on this gun safety issue because the other side is still into keeping theirs. you
hunted. you know, colorado is a big hunting state. and i don't think anyone that i have ever met that is a responsible gun owner can side with these, you know, for lack of a better word, these loony tunes who are out here because they're doing something different. they're stockpiling. they're getting assault rifles. these are not normal gun owners. what you're hearing from now is the absolute fringe, and, unfortunately, they're being allowed to speak for the pro-second amendment crowd. >> david, we're going to show the worst of the worst in a minute, but first your thoughts. will the regular gun owners, the people that are in the nra in pennsylvania and they vote, democrat or republican, are they going to go with the crazies like james yeager? we're going to show him and alex jones again. >> you know what's crucial to this is what clinton did back in '94. remember, he got an assault weapons ban through congress over the nra opposition and opposition to many republicans and some democrats, and the way he got it was by bringing the cops, the police -- >> but how many seats did he l
attention to what this self inflated windbag hast to say? on record for saying deficits don't matter in spending on the war on tear is down. good money after bad for green batteries is not in here he wins a pulitzer prize but yet not to a cabinet position. turning down a job he was never offered doesn't that make you think twice about what he writes? maybe he has nothing to offer. i turn down the nobel prize. consider o'reilly. i will see you tomorrow. gerri: hello, everybody. i'm gerri willis. this is the things we get. bailed out insurance giant aig now considering suing the federal government after it received a $182 billion taxpayer bailout, just a few years ago. why? well, it claims shareholders were cheated. fox business liz macdonald joins me with the inside scoop. >> reporter: you know, the inside scoop is that basically this has d.c. reacting big time. we have congress saying, wait a second. you guys got a big taxpayer bailout. nell you guys are basically the poster company for corporate greed. now you're the poster company for corporate heads but, and actually, it was a let
who can treat you if you get sick. but first, ali velshi explains why we still don't have a budget and how our elected officials have bungled a basic business process that most of us handle with ease, it's a must-see "your money" starts right now. >>> america's road to economic recovery is wide open. it's right there in front of us. if our elected officials don't put some major road blocks in the way. i'm ali velshi, this is your money. debt ceilings, budgets and debt ceilings are all you're going to here coming out of washington the next few months and the partisan warfare in washington could put a dent in recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st. but like last time. the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but t
days. not the up ones. i don't like money put to work on the up ones. particularly down days caused by the washington curse -- ♪ >> that sadly even seemed to infect the great rg3 this weekend. these themes work when the market is down hard, as it was earlier today before rebounding moderately. first theme, number-one theme -- the return of the banking business as an investable place to put your money. for five years now we've been under pressure, these bank stocks, under pressure -- one thing or another. it may be because they had to fight to survive or they had to flood the market with new capital, raise capital, meet the requirements, deal with the legacy of many bad loans, take on the federal reserve which has pushed rates so low that it's difficult for banks to make money versus the deposits you provide them. right? they lend, it's so little versus what they're paying you, they can't make it. it's called net interest margin. they can't make enough off of them. at the end of 2012, we began to get a sense that the cloud was lifting, courtesy of a remarkable run in bank of americ
, right now, dealers have to make that transfer, but private citizens don't. that doesn't make much sense to us, because essentially you are putting yourself in the same position as a dealer. you are open to the public. but when we talk about universal checks, people may not understand what that means. that means when you give a gun to your child, or to your spouse, or you sell a gun to a friend or a neighbor, there is an important distinction there. you know who you sold the gun to. and i've never heard anyone say there is some big problem with criminals getting guns from people that own them lawfully and sold it to them. the problem, soledad, there are 500,000 guns stolen of yore in th -- every year in this country. >> so why not have -- a universal check. people would report that their gun was stolen. people would have to say i gave it to my spouse, i gave it to my child, i gave it to my friend, so you could track if that person gave it to somebody else. why would that be a bad thing? and how would it interfere with the second amendment? >> it creates problems where there is no problem
. insurance giant aig says it's very grateful for the $182 billion in taxpayer money that saved it from i don't even know if bankruptcy's the right word. how about complete and utter obliteration at the height of the financial crisis. aig of course has become a symbol of the financial meltdown of 2008 so it's nice that they are now running ads to thank taxpayers for all that money. >> we repaid every dollar america lent to us. >> everything plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> thank you, america. but now we may sue you. they left that part out. aig's board tomorrow morning is going to be deciding whether or not to join a $25 billion lawsuit against the government for rescuing the company. let me just explain. here's why. taxpayers profited from the deal. that may surprise you but it is true. frankly it surprised a whole lot of people in the financial world who thought it would never happen. they did. now, that's the $22.7 billion that was just mentioned in that ad. but shareholders including aig's former boss, hank greenberg, say taxpay
with illegal guns and-- >> we don't know those. think about that, people that didn't go through the year long process and took about a year for all of you-- >>, but that-- >> and on a map. >> what the right to privacy. >> the worst thing we're going to see right now, as a legislator, your i disagree with mr. gold on this, you're going to see bills from the senate and assembly that are going to protect us in this manner, but they're going to be coupled with gun control laws that are going to be hideous to us, that are going to be absolute-- come as a package and that's the way that it's going to get passed. >> sean: we're out of time. give you all-- give yourselves a big hand. thank you all for coming. [applause]. and i really appreciate it, thank you all. that's all the time we have left for this week. let not your heart be troubled. we'll be back on monday and i hope you have a great weekend. >> >> good morning, it's saturday, january 12th. i'm alisyn camerota. thanks for joining us so early. the white house is getting pressed on the hill to do just that the latest on the gun control battle
heated extremes. >> i don't think the federal government has any business having a list of law abiding citizens who choose to exercise their right to keep and bear arms. >> but for vice president joe biden, an assault weapons ban is just the beginning. >> good to have you with us tonight, folks. thanks for watching. today president obama nominated a uniquely qualified candidate to be secretary of defense. former senator chuck hagel, republican out of nebraska, puts country over party, and is a true independent, an independent thinker who will speak his mind. maybe that's why the republicans are crying foul. president obama nominated senator hagel despite early attempts by hagel critics to sideline the nomination. the president praised hagel for his impressive credentials. >> he is an american patriot. he enlisted in the army and volunteered for vietnam. as a young private and then a sergeant, he served with honor alongside his own brother. when chuck was hit by shrapnel, his brother saved him. when his brother was injured by a mine, chuck risked his life to pull him to safety. >> and t
and cancer and if you overdo alcohol you may overdo food and be careful, we don't want to go too far, a little bit is good for us. >> nice. >> crystal. >> stick around for the after the show show. >> brenda: pay day, may day. millions of americans seeing their paychecks take a hit for the first time this week as the payroll tax hike kicks into full gear. and with 77% of workers in the cross-fire, virtually no one is safe. >> i almost cried because they took taxes, a lot of taxes out of me. >> it's one of those things that nobody is happy about. >> that sucks. >> it's not good to see it go down. >> it makes a little bit of a difference, maybe with a little less spending, fun stuff. >> my paycheck was about $60 less this months, that goes to food and groceries, i am not super happy about that. >> less money in my pocket and less money i spend, less money in the economy. so are they right? does this new payroll tax hike mean less spending and a weaker economy? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, the bulls and bears this week, gary b smith, tobin smi
. >> and the parents are dropping their little kids off to a school, and they don't know that there is a firearm in the classroom. do you think they have a right to know? >> not necessarily. not necessarily. >> why? >> because i think that firearms are -- what we do know is that the bad guys come into schools. what we don't know -- i mean, we're making lots of guesses about what could happen if. and those things haven't happened. like i said, we've been able to carry them for 12 years here in utah. and i have not heard them. and they would be on the news if those things happened. >> she is torn by the culture of guns in this country. she wants to do the right thing. i don't believe caroline kane is an unreasonable person. and i'm glad she spoke her mind on this program. but it is also reasonable to be concerned if your child's teacher is carrying a loaded gun and if you don't know about it. there is a major disconnect in america between the two sides of the discussion. we can't achieve solutions until we figure out how to bridge the gap. get your cell phones out. i want to know what you think. t
told me, you know, i don't have a comment on david sokol. at is his feeling today. back then i checked and the sec had not called him and spoken to him. but i know that they did speak to a lot of peole. >> you know these principles better than i do. but i must tell you that it doesn't pa the smell test for a guy that is worth so much money to make 3 million like that. why would he do it? >> well, and asked if he felt that he did anything wrong buying this stock and he said the only thing i did wrong was not resigning two years earlier when i tried to and warren buffett talked me out of it. he said that he wanted to leave to start his own family company. he said he had a personal life and he years and years ago lost his son. he ran mid-american energy, did a beautiful job, who told me this was one of his best managers. it broke his heart that someone would buy stock and then whisper in his ear. another thing that he had said that during the time, that he misled us about who came up with the idea. it was really bakers and not david sokol. either way, he was cleared and there you are the
are supportive of israel. i don't know what his management experience is regarding the pentagon. little, if any. so i think it's an incredibly controversial choice and it looks like the second term of barack obama will be an in-your-face term. >> so what are some of the issues? start with israel. as you heard, a number of his opponents, especially on the republican or conservative side think chuck hagel is not a friend of israel and point to his position on iran sanctions. they say because of his position that iran sanctions essentially aren't effective, that that is another point against him. also, from the liberal side, comments about a dozen, maybe 14 years ago, that chuck hagel made about a candidate for an ambassadorial position, where he called him openly and aggressively gay. now, chuck hagel has since apologized for that, but that also raises some haggles among some people on the more liberal side. not going to be a friendly reception up in the senate, however, the white house obviously thinks they can pull it off. >> an interesting confirmation hearing, that's for sure. >> let's talk a
don't want to see. what i'd rather see is a bipartisan approach starting soon, as soon as we return, between democrats, republicans and the house and the senate, talking about where we go, for example in, tax reform. there's money to be saved in tax reform. there's money to be saved in other areas. debby stab gnaw head of the senate ag committee found a way to save $23 billion in spending we don't need in the farm program and reduce the deficit. why don't the house take that up and pass it. that's a good move towards deficit reduction. >> let me ask you about money to be saved in tax reform, because if the government saves money in tax reform, that means somebody's taxes go up. do you think that taxes have been raised enough on the wealt wealthy? >> i can tell you that there are still deductions, credits, special treatments under the tax code which ought to be looked at very carefully. we forgo about $1.2 trillion a year in the tax code, money that otherwise would go to the government, and when you look closely, some of those things are near and dear to us individually and to the ec
to carry. i personal hi don't think there is any need for that kind of weaponry on the streets, and particularly around the schools in america. i believe that we've got to take a serious look. i understand everybody's desire to have whatever they want. but we've got to protect our children. we've got to protect our police. we've got to protect our population. >> compare mcchrystal's comments from those from the other side. >> 1776 will commence again if you try to take our firearms. it doesn't matter how many lems you get out there on the street, begging for them to have their guns taken. we will not relinquish them. do you understand? >> the lines are being drawn. members of the right wing fringe are using fear and fantasy to end the debate over gun legislation. a caller to my radio show this afternoon sounded more sensible. this gentleman is a gunowner and hunter from kansas, the middle of the country. >> i am appalled as a gunowner and an ethical sportsman, i am appalled by the level of gun violence in this country. gunowners ought to be leading the charge to end this gun vi
nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money. it has to pay the bills. republicans seem to think that the debt sealing is a good tool to limit how much the government spends, the current debt ceiling was hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to ghet get it through and sometime late february, early march, they might. if congress doesn't act by then, the government risks not being able to pay some bills. if that's not enough. by march 1st, we could be heading off the sequester cliff. that's because the fiscal cliff deal that passed last week put off what to do with government spending for two months. blanket cuts are still mandated by law to take effect unless both parties can agree to more targeted cuts. now republicans will target entitlement. democrats will stand in their way, the gop will use the debt ceiling as a hammer to bang on the heads of democrats to try to get their way on cuts. if
in 2001. i think the real problem here is that the message to iran is you don't have to make any deals, you don't have to make any compromises because there won't be any military pressure. the president used a lot of tough language during the campaign. i'm not for containment. he said i'm for prevention. all options are on the table. but hagel has said that a military option is not viable. never mind not wise, not viable. so i think this completely undercuts any notion that iran is under pressure. it oddly enough makes it probably more likely that there will in the end be a failure of negotiations and a military attack. but he doesn't seem to support the president's policy, at least in all the speeches hagel has made, he has been very soft on iran. >> all right. we'll leave it there. former secretary of state national security council eliot abrams, thank you very much. >>> all right. now to react to ambassador abrams, let's bring in our distinguished panel tonight. we welcome back general wesly clark and a former presidential candidate, cnbc contributor tony fratto, former bush 42 whit
this year, but it seems as though it's even conceivable that he could wait out 2013 or no? >> no, i don't think so. i would say he hasn't fallen yet, but we're now into the end game where it's clear he's going to fall and just a question of how long, not just we're predicting, we want him out, but he really is on his way out. i don't think there is any way he will survive 2013, but i'm not convinced there will be a government to replace him by the end of 2013. >> why has he stayed there as long? i was more skeptical that he would fall quickly and the reason was simple. the syrians have a great army, a very strong army, and they have been incredibly brutal in their willingness to use it against the rebels. >> that's part of it. it's a real state. this is not like -- this is a real state but look what happened to the sunnis in iraq. they took their cue from that. they know it's not going to be pretty, the aftermath, plus they had external support. the russians and the chinese diplomatically and the iranians militarily. with military and economic support, oil support. you add all this up a
everything eric said -- don't get the flu. america's news headquarters with shannon bream starts right now. have a great day. >> shannon: a live report coming up from washington on president obama. the debt seal ceiling takes a new turn. can the president make an end run around congress? some lawmakers saying it should be an option. we'll talk with former governor, haley barbour. confirmation clash. republican senator lindsay graham vows to hold up john brennan's confirmation to the cia until we get inching on the attacks in benghazi. and the national cathedral says yes to same-sex marriage, receiving cheers and jeers. we will have a fair and balanced debate. america's news headquarters from the nation's capitol starts right now. president obama's second term hasn't started officially, but the agenda and the cabinet are taking shape. so are some of the clashes over the president's nominations. jennifer griffin has more on the fights ahead. >> reporter: first, there will be the confirmation battles, many of which seem like they will be bruising. none more than the hearing before the senate
't possibly and we tried to wire in and everything, but it was -- i mean, it was a game of, i don't know of chess or checkers, but everyone is watching everyone's last move. for us, you know, we did have to reflect, as dana said, reflect what the purpose of the information was as much as what the information itself was. >> as the action shifted to the senate and as joe biden and mitch mcconnell started their private dealmaking, were you getting into john boehner's people, he was cut out of the action or the occasional blackout. >> they were cut out. they were kept aprize. certainly john boehner was talking to mitch mcconal and their offices were talking to one another. i had senior senators coming up to me in the hallways saying we're learning what's happening in these private talks from you. >> that's scary. >> why are you finding that scary? how about us? >> you'd hear something and then a senator would tell you something and you'd say, how did you learn that? because you had to make sure that they weren't learning it from us. >> well, it sounds like a closed loop and were there any ti
don't come crashing against american shores. tom forman, cnn, stevensville, maryland. >>> that's it for us, thanks for watching. "early start" begins now. >>> sick day friday. doctors struggle to control a fierce flu outbreak spreading through offices and job sites. >>> hero in the classroom this teacher is one of two staffers who stared down the barrel of a shotgun and talked a school shooter into giving up. >>> and this size says it all. severe storms leave parts of one southern state completely unwater. good morning. welcome to "early start." i'm john bermman. >> it is friday, i'm zoraida sambolin. it's friday, january 11th. up first, the fast-spreading flu now officially an epidemic. the flu season has come early, hit really hard. nearly two dozen children have died. widespread activity reported in more than 40 states as well. boston's mayor just declared a citywide emergency because of the flu. and now a leading health official acknowledging the outbreak has reached a new level. >> if you look at the charts that the cdc put out on their website, it clearly has gone above t
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